Phoenix New Media (NYSE:FENG) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued on Sunday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 1.3 %

FENG opened at $3.12 on Friday. Phoenix New Media has a one year low of $1.18 and a one year high of $4.15. The company has a market cap of $37.72 million, a price-to-earnings ratio of -3.85 and a beta of 0.77. The business’s fifty day moving average is $3.04 and its two-hundred day moving average is $2.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) EPS for the quarter. The business had revenue of $23.16 million during the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.